Streetbeat News

Dividends

PAYX

Paychex Inc (NASDAQ:PAYX) reported better-than-expected earnings for its first quarter of FY24, with sales growth of 7% YoY to $1.286 billion, slightly missing the analyst consensus estimate of $1.29 billion. The company revised its FY24 adjusted EPS growth outlook from 9%-10% to 9%-11%. Paychex offers an annual dividend yield of 2.88%, which is a quarterly dividend amount of $0.89 a share ($3.36 a year). To earn $500 per month or $6,000 annually from dividends alone, an investment of approximately $208,087 or around 1,786 shares would be needed.

Portfolio Pulse from Priya Nigam

September 28, 2023 | 12:56 pm

WOR

Worthington Industries, Inc. (NYSE:WOR) reported a 15.3% YoY decline in Q1 FY24 net sales, totaling $1.19 billion, missing the consensus of $1.23 billion due to lower average selling prices in Steel Processing and reduced overall volumes. However, adjusted EPS stood at $2.06, beating the consensus of $2.04. The company's gross profit rose by 16.6% YoY to $197.49 million, and operating income reached $77.71 million. The company's board declared a quarterly dividend of $0.32 per share. WOR shares are trading 2.19% lower at $69.52 in Thursday’s premarket session.

Portfolio Pulse from Akanksha Bakshi

September 28, 2023 | 12:40 pm

ACN

Accenture's Q4 FY23 results have led to a 5% drop in its share price. The company reported a 4% Y/Y revenue growth to $15.98 billion, missing the consensus of $16.07 billion. Consulting revenues decreased by 2% Y/Y, while Managed Services revenues increased by 10% Y/Y. New bookings fell 10% Y/Y. The company raised its quarterly dividend per share by 15% and repurchased 3.2 million shares for $1.0 billion in Q4. For FY24, Accenture expects revenue growth of 2%-5% and to return at least $7.7 billion through dividends and share repurchases.

Portfolio Pulse from Lekha Gupta

September 28, 2023 | 12:36 pm

ACN

Accenture plc has announced a 15% increase in its quarterly cash dividend to $1.29 per share, payable on November 15, 2023, for shareholders of record as of October 12, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 10:57 am

ACN

Accenture has provided its business outlook for fiscal year 2024, expecting revenue growth of 2% to 5% in local currency, and adjusted EPS of $11.97 to $12.32. The company also expects GAAP operating margin to be between 14.8% to 15.0%, and adjusted operating margin to be between 15.5% to 15.7%. Accenture plans to return at least $7.7 billion in cash to shareholders through dividends and share repurchases.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 10:55 am

CNXC

Concentrix has increased its quarterly dividend from $0.2750 to $0.3025 per share, payable on November 7, 2023. The company also repurchased 0.3 million shares in Q3 at a cost of $27.0 million, with a remaining share repurchase authorization of $312.1 million.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 8:19 pm

CHCO

City Holding has announced an increase in its dividend from $0.65 to $0.715.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 6:54 pm

F

WGO

Winnebago Industries (NYSE:WGO) is set to distribute a dividend payout of $0.31 per share, resulting in an annualized dividend yield of 1.93%. The company has shown an upward trend in dividend per share and earnings per share from 2019 to 2022. Ford Motor (NYSE:F) leads the industry with the highest annualized dividend yield at 4.83%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 3:05 pm

EFSH

IEP

Icahn Enterprises (NASDAQ:IEP) is set to pay a dividend of $1.00 per share on September 27, 2023, with an annualized dividend yield of 11.85%. The company has maintained a stable dividend per share of $8.00 from 2019 to 2022. However, its earnings per share have declined from $3.40 in 2019 to $-1.44 in 2022, raising concerns about future cash dividend payouts. 1847 Holdings (NYSE:EFSH) leads the industry with the highest annualized dividend yield at 1608.65%.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 3:05 pm

FCT

First Trust Senior (NYSE:FCT) has announced a monthly dividend of 9.7 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 16, 2023.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 2:46 pm